Dogecoin – Each day Tech Evaluation – Sep 13, 2021 – Yahoo Finance



Dogecoin was up 3.86% on Sunday. After gaining 0.54% on Saturday, Dogecoin ended the week down 20.47% to $ 0.2503.

A mixed start to the day caused Dogecoin to hit an early morning intraday low of $ 0.2389 before moving.

Dogecoin hit the first major support level at $ 0.2364 and hit a late intraday high of $ 0.2545.

Dogecoin broke the first major resistance level at $ 0.2468 and the second major resistance level at $ 0.2526.

However, on a late pullback, Dogecoin fell through the second major resistance level and ended the day below $ 0.2510.

At the time of writing, Dogecoin is down 0.87% to $ 0.2481. A bearish start to the day caused Dogecoin to fall from an early morning high of $ 0.2522 to a low of $ 0.2473.

Dogecoin left key support and resistance levels untested early on.

For the next day

Dogecoin would have to move back through the $ 0.2479 pivot to bring the first major resistance level into play at $ 0.2569.

However, support from the broader market would be required for Dogecoin to break out of the $ 0.2545 Sunday high.

Aside from an extended crypto rally, the first major level of resistance would likely limit the uptrend

In the event of a large-scale crypto rally, Dogecoin could test resistance at $ 0.27 before pulling back. The second major resistance level is at $ 0.2635.

Should it fail to break the $ 0.2479 pivot value, the first major support level at $ 0.2413 would come into play.

However, aside from another lengthy sell-off, Dogecoin should avoid levels below $ 0.23. The second major support level at $ 0.2323 should limit the downside.

Look at the technical indicators

First major support level: $ 0.2413

Pivot Level: $ 0.2479

First major resistance level: $ 0.2569

23.6% FIB Retracement Level: $ 0.3016

38.2% FIB Retracement Level: $ 0.3859

62% FIB Retracement Level: $ 0.5221

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally published on FX Empire

More from FXEMPIRE:

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us